A method of creating an index of residual values for leased assets such as vehicles, transferring residual value risk, and creating lease securitizations. The index of residual values includes valuation information pertaining to different types of vehicles, different models and submodels of vehicles, different combinations of vehicle options, different vehicle model years, etc. The residual value index is updated with subsequent valuations of the leased assets and is employed to facilitate the transfer of residual value risk and create lease securitizations via mechanisms such as residual value futures, options, bonds and insurance products.
Legal claims defining the scope of protection, as filed with the USPTO.
1. A method of transferring residual value risk associated with future market value of automobiles, the method comprising the step of: trading an exchange-traded contract pertaining to residual value risk associated with a future market value of two or more types of automobiles in consideration of an index of residual value for the two or more types of automobiles.
2. The method of transferring residual value risk associated with future market value of automobiles of claim 1 , the method further comprising the step of: calculating a value of the exchange-traded contract at one or more future points in time in consideration of a subsequent calculation of an index of residual value based upon subsequent market values of automobiles.
3. A method of transferring residual value risk associated with future market value of automobiles, the method comprising the steps of: listing for trading an exchange-traded contract pertaining to residual value risk associated with a future market value of two or more types of automobiles in consideration of an index of residual value for the two or more types of automobiles; calculating a value of the exchange-traded contract at one or more future points in time in consideration of a subsequent calculation of an index of residual value based upon subsequent market values of automobiles; and settling a trade in the exchange-traded contract in consideration of the subsequent calculation of an index of residual value.
4. A method of transferring residual value risk associated with future market value of automobiles, the method comprising the steps of: determining terms of an exchange-traded contract pertaining to a residual value risk associated with a future market value of automobiles in consideration of an index of residual value for two or more types of automobiles; obtaining market values of automobiles at one or more subsequent times; calculating a value for a residual value index at the one or more subsequent times; and settling one or more trades in the exchange-traded contract in consideration of the one or more subsequent calculations of an index of residual value.
Cooperative Patent Classification codes for this invention. Click any code to explore related patents in that topic.
February 14, 2000
September 16, 2003
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